Article by New Cannabis Ventures
High Tide Inc. (“High Tide” or the “Company”) (CSE:HITI) (Frankfurt:2LY), an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, is pleased to announce that, subject to the approval of the Alcohol and Gaming Commission of Ontario (the “AGCO”), it has been selected to assist with establishing and operating a retail cannabis store by a third winner of one of only 25 opportunities to apply for an operator’s licence (the “Third Winner”) as a result of the AGCO’s Expression of Interest Application Lottery conducted on January 11, 2019 (the “Lottery”). Subsequent to previously announcing that High Tide had been selected to assist two other Lottery winners, the Third Winner acknowledged its need for support and chose High Tide to help open a retail cannabis store at a proposed location in Toronto, Ontario.
Toronto is a dynamic and multicultural metropolis that is home to over 2.7 million people, with almost 6 million people living in the Greater Toronto Area and over 25 million tourists visiting the city each year.
It is an honour to be selected by the Third Winner to assist them with the opening and ongoing operation of their store in Canada’s largest city. A retail cannabis store in Toronto is an incredible opportunity to showcase our ability to execute, ten years of retail experience and operational expertise.
As the realities of a compressed schedule and complex project became clear, the Third Winner realized that they would benefit from our help. We are humbled to be in this position and embrace the opportunity to embark on this great business relationship.
The Canna Cabana brand is quickly becoming a major national retail cannabis banner with ten current locations across Alberta and three variations adopted for use in major Ontario markets.